Wow, Enbridge to buy Spectra Energy (UnionGas) for $37B USD worth of Stock

Enbridge Inc. of Calgary plans to buy Houston-based Spectra Energy Corp. for stock worth $37 billion.

The combination of the two pipeline companies would create a North American energy infrastructure giant, to be called Enbridge Inc. and headquartered in Calgary.

The combined company's natural gas pipelines business would be based in Houston, and the liquids pipelines business would be based in Edmonton.

More on this from CBC. click here